I spent quite a bit of time looking at both cars. In the end there were several factors that made me pick the 2010 Mustang. First, Chevy dealers acted like they were doing you a favor by letting you put down $2000 non refundable, on a full price (or more car) that wouldn't be there for 3-4 months. Some dealers didn't even have allocation and would take money to put you on list, and then would order when they did have allocation (once you moved up their internal list). I went to a few dealers and I just didn't feel comfortable in the transaction...all the GM crap didn't help. Was that dealer even going to be there in 3 months? I felt like saying, "hey, isn't your company is hurting?...show some sign you actually want me to buy a car, and didn't I see this thing in a movie like 3 years ago". I had owned a Mustang before and enjoyed it, so I had some bias going in...but if the Camaro was "the car" I was going to get it.
Now not reading numbers in the brochure...just going by feel, the two cars were super comparable. The interior is great, they both drive well and feel powerful. The Camaro maybe edges out on the new wow factor but when I took my 2010 Mustang to the track it got a lot of attention too.
So, I hit the Ford dealer....and dang they actually want to sell a car. And wow, it is a huge amount cheaper (about $5260 for comparable Camaro I was looking at). And can you believe it, they actually have them on the lot.
So in the end, availability, price, company, dealership on a tested a tweaked Mustang helped win my vote. Don't get me wrong, I really like the Camaro, heck I almost bought one but for me Mustang was the right choice and I am loving it.